Free Post Earnings Research Report: Aspen Technology’s Sales Grew 4.1%; Adjusted EPS Advanced 13.5%

Stock Monitor: Fair Isaac Post Earnings Reporting

LONDON, UK / ACCESSWIRE / January 30, 2018 / Active-Investors.com has just released a free earnings report on Aspen Technology, Inc. (NASDAQ: AZPN) (“AspenTech”). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AZPN. The Company reported its second quarter fiscal 2018 operating and financial results on January 24, 2018. The software maker outperformed top- and bottom-line expectations, and raised its revenue, operating income, earnings, and free cash flow guidance for FY18. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Fair Isaac Corporation (NYSE: FICO), which also belongs to the Technology sector as the Company Aspen Technology. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=FICO

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Aspen Technology most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=AZPN

Earnings Highlights and Summary

For the second quarter of the fiscal year 2018 (Q2 FY18) ended December 31, 2017, AspenTech’s total revenues came in at $124.90 million, up 4.1% compared to $119.93 million in Q2 FY17. The Company’s revenue numbers topped analysts’ estimates of $121.9 million.

During Q2 FY18, AspenTech’s subscription and software revenue gained 4.3% to $117.7 million compared to $112.9 million in Q2 FY17. The Company’s services and other revenue was $7.2 million in the reported quarter compared to $7.0 million in the year ago same period.

For Q2 FY18, AspenTech reported income from operations of $54.5 million compared to $56.1 million for Q2 FY17. The Company’s non-GAAP income from operations, which added the impact of stock-based compensation expenses, amortization of intangibles associated with acquisitions, litigation judgments, acquisition-related fees, and non-capitalized acquired technology, was $62.2 million for the reported quarter versus $60.9 million in the year ago comparable period.

AspenTech’s GAAP operating margin was 43.6% in Q2 FY18 compared to 46.7% in Q2 FY17. The Company’s non-GAAP operating margin was 49.8% in the reported quarter compared to 50.8% in the year earlier corresponding quarter.

For Q2 FY18, AspenTech reported a net income of $38.08 million, or $0.52 per diluted share, compared to $37.01 million, or $0.48 per diluted share, in Q2 FY17. The Company’s non-GAAP net income totaled $43.0 million, or $0.59 per share, for the reported quarter compared to non-GAAP net income of $40.2 million, or $0.52 per share, in the prior year’s same quarter. AspenTech’s earnings came in ahead of Wall Street’s estimates of $0.50 per share.

AspenTech’s annual spend, defined as the Company’s annualized value of all term license and maintenance contracts at the end of a quarter, was approximately $469 million at the end of Q2 FY17, increasing 4.2% on a y-o-y basis.

Cash Matters

As of December 31, 2017, AspenTech had cash and marketable securities of $48.7 million and borrowings of $151.0 million. During Q2 FY18, the Company generated $42.4 million in cash flow from operations and $42.2 million in free cash flow. AspenTech’s deferred revenue balance was $258.7 million at the end of Q2 FY18, representing a 7.2% increase on a y-o-y basis.

During Q2 FY18, AspenTech repurchased approximately 756,000 shares of its common stock for $50.0 million.

Outlook

For the third quarter of the fiscal year 2018, AspenTech is forecasting revenue to be in the range of $120 million to $122 million; non-GAAP operating income to be in the band of $52 million to $54 million; and non-GAAP earnings per share to be $0.48 to $0.50. On a GAAP basis, the Company is estimating operating income in the range of $46 million to $48 million, and income per share of $0.42 to $0.44.

For the fiscal year 2018, AspenTech raised its revenue expectations in the band of $490 million to $495 million. The Company updated its GAAP operating income guidance to a range of $204 million to $209 million, with GAAP net income estimated to be in the band of $1.90 to $1.95 compared to its previous guidance of $1.71 to $1.76.

AspenTech raised its non-GAAP operating income guidance to $231 million to $236 million, and now expects non-GAAP income per share in the range of $2.16 to $2.21, which compares to its previous guidance of $1.92 to $1.97.

AspenTech also increased its free cash flow forecasts to be in the band of $190 million to $195 million versus its previous guidance of $180 million to $185 million.

Stock Performance Snapshot

January 29, 2018 – At Monday’s closing bell, Aspen Technology’s stock marginally declined 0.56%, ending the trading session at $79.67.

Volume traded for the day: 599.61 thousand shares, which was above the 3-month average volume of 425.12 thousand shares.

Stock performance in the last month – up 20.66%; previous three-month period – up 19.39%; past twelve-month period – up 49.62%; and year-to-date – up 20.35%

After yesterday’s close, Aspen Technology’s market cap was at $5.76 billion.

Price to Earnings (P/E) ratio was at 36.40.

The stock is part of the Technology sector, categorized under the Business Software & Services industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 487352